Adelphi Trust Co Boosts Stake in Amazon to 2.9% of Portfolio

Adelphi Trust Co has increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.6% during the second quarter, according to a recent Form 13F filing with the SEC.

The firm owned 18,498 shares of the e-commerce giant's stock after purchasing an additional 2,901 shares during the quarter.

Amazon.com comprises approximately 2.9% of Adelphi Trust Co's portfolio, making it its 10th largest holding.

This is not the only institution to increase its stake in Amazon.com: Vanguard Group Inc. raised its stake by 1.1% during the first quarter, while State Street Corp grew its position by 1.8% in the fourth quarter.

Geode Capital Management LLC also increased its holdings by 1.1% in the fourth quarter, and Norges Bank acquired a new position in Amazon.com in the same period.